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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Office buildings
43041 State Hwy 74 Hemet, CA 92544-5149
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0980949
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1927
Construction
TILT-UP CONCRETE
Total area
2,477 SF
Lot
1.25 ac (54,450 SF)
Zoning code
C1CP
APN
551-240-011
UPID
US09-0980949
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$430k
CAP Approach
CAP
$640k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$510k
Owner & transaction history
Julio Ernesto Monterrosa · 1 yrs held
Julio Ernesto Monterrosa
since 2025
Last sale
$560,000
7 recorded transactions
Zoning & alternative use
C1CP · Hemet, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$730,000
+680.8%
Retail stores
$490,000
+422.9%
Medical building
$420,000
+349.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Hemet submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hemet submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$485,000
ML approach
$430,000
CAP Approach
CAP Return
Estimation
6%
$690,000
6.5%
$640,000
7%
$595,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$730,000
Change: +681% · Conversion: Difficult
RETAIL STORES
$490,000
Change: +423% · Conversion: Moderate
MEDICAL BUILDING
$420,000
Change: +349% · Conversion: Easy
Blend value · Realmo final
$510k
Range $459k – $561k · ±10% · vs last sale $560k (Mar 31 2025)
Last sale anchor
$560k
Mar 31 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$206 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$7,258
Tax year 2024
Assessed value
$635,662
Assessed 2024
Previous assessed
$635,662
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$185,711
Assessed improvement
$449,951
Applied tax rate
71.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1927
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Bathrooms
3
Total area
2,477 SF
Lot
1.25 ac (54,450 SF)
Zoning code
C1CP
APN
551-240-011
UPID
US09-0980949
Jurisdiction
RIVERSIDE
Zoning & alternative use
C1CP · Hemet, CA
Zoning C1CP · permitted uses
C1CP · Hemet, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hemet. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE
Est. value
$730,000
RETAIL STORES
Est. value
$490,000
MEDICAL BUILDING
Est. value
$420,000
WAREHOUSE, STORAGE
RETAIL STORES
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1927
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Bathrooms
3
Lot
1.25 ac
Current owner
From public records · entity-resolved
Julio Ernesto Monterrosa
Individual
Mailing address
113 N VICENTE BLVD STE STE STE, BEVERLY HILLS, CA 90211
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2025
$560,000
Julio Ernesto Monterrosa
Hemet 43041 LLC
Grant Deed
$440,000 · Hernet 43041 LLC
Nov 13, 2020
$599,000
Hemet 43041 LLC
Joseph Dattilo
Grant Deed
—
Jan 9, 2017
$350,000
Joseph Dattilo
Mcconnell M & C Trust
Grant Deed
$227,500 · Bank Of Hemet
Aug 9, 2006
—
Mcconnell M F & C M Trust
—
Trustees Deed
related
$250,000 · Bank Of Hemet
Feb 3, 2003
—
Mcconnell M Etal
Mcconnell,m Etal
Quit Claim Deed
related
—
Dec 11, 2002
—
Michael H Etal Mcconnell
Mcconnell,michael H Etal
Quit Claim Deed
related
—
Dec 17, 1999
$199,000
Michael Mc Connell
Wilson Trust
Grant Deed
$60,000 · Servicemaster Acceptance Co LP
—
—
Mcconnell Trust
—
Deed Of Trust
related
$280,000 · Guaranty Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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